{
  "ticker": {
    "uuid": "78970cc2-8fcc-4b2c-9056-f2c1496775d2",
    "symbol": "CFP",
    "name": "Canfor Corporation",
    "exchange": "TOR",
    "country": "CA",
    "assetType": "equity"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "^GSPTSE",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 80.639,
    "architecture_energy": 73.828,
    "architecture_maturity": 25.987,
    "architecture_confidence": 80.552,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 21.99,
        "rotation_up": 73.57,
        "upward_expansion": 88.55,
        "deceleration": 45.15,
        "rotation_down": 10.23,
        "downward_expansion": 15.22
      },
      "activity_lines": [
        14.83,
        14.402364,
        13.878143,
        13.716624
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 15.77,
    "trend_reference": 13.715,
    "distance_from_trend": 0.149836,
    "trend_direction": "Improving",
    "fair_value": 14.78141,
    "distance_from_fair_value": 0.066881,
    "fair_value_direction": "Improving",
    "relative_strength": 6.443895,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.024691,
    "excess_performance": -0.09573,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.149836,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.058093,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.066881,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.24103,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.064439,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.212101,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.024691,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.121846,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1240000,
      "relative_activity": 1.617701,
      "balance": 3.121846,
      "dry_up": 1.293639,
      "accumulation_observations": 4,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.062631,
      "annualized_volatility": 0.358017,
      "from_high_reference": -0.019279,
      "from_low_reference": 0.452118
    },
    "levels": {
      "trend_reference": 13.715,
      "fair_value_reference": 14.78141,
      "structural_low": 11.67,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 7,
        "median_return": -0.054576,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.038134,
        "regime_survival": 0.571429,
        "best_return": 0.108968,
        "worst_return": -0.112063,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": -0.074272,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.084158,
        "regime_survival": 0.0,
        "best_return": 0.024366,
        "worst_return": -0.102784,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": -0.23588,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.17959,
        "regime_survival": 0.0,
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        "worst_return": -0.235888,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
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        "worst_return": -0.270945,
        "sufficient": false
      }
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        "active": false
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      {
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      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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      {
        "regime": "deceleration",
        "label": "Deceleration",
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      {
        "regime": "balance",
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        "regime": "downward_expansion",
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        "trend": 12.915333,
        "fair_value": 15.502308,
        "relative_strength": -16.606495,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
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        "energy": 7.513226,
        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
        "close": 12.15,
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        "typical_volume": 964300.0,
        "trend": 12.895667,
        "fair_value": 15.444615,
        "relative_strength": -18.649978,
        "stage": 4,
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        "modifier": "Momentum cooling",
        "gate": "mixed",
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        "energy": 34.7387,
        "activity_lines": [
          12.666667,
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          13.332,
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 938670.0,
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        "fair_value": 15.390192,
        "relative_strength": -14.766238,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -15.245467,
        "energy": 34.977431,
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      },
      {
        "date": "2026-05-15",
        "close": 11.94,
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        "typical_volume": 953745.0,
        "trend": 12.899333,
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        "relative_strength": -18.727911,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -28.96561,
        "energy": 45.639166,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 956570.0,
        "trend": 12.898667,
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        "stage": 4,
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        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -28.242283,
        "energy": 37.917531,
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      },
      {
        "date": "2026-05-29",
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        "volume": 2445300,
        "typical_volume": 1047760.0,
        "trend": 12.962,
        "fair_value": 15.252115,
        "relative_strength": -5.45521,
        "stage": 2,
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        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": 12.238285,
        "energy": 6.590808,
        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 975695.0,
        "trend": 13.004,
        "fair_value": 15.206538,
        "relative_strength": -8.217923,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 7.111078,
        "energy": 8.802891,
        "activity_lines": [
          13.221333,
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      },
      {
        "date": "2026-06-12",
        "close": 14.15,
        "volume": 263300,
        "typical_volume": 934185.0,
        "trend": 13.072,
        "fair_value": 15.160641,
        "relative_strength": -4.740502,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 41.103582,
        "energy": 30.748028,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "typical_volume": 891510.0,
        "trend": 13.151333,
        "fair_value": 15.116282,
        "relative_strength": -6.014921,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 45.796225,
        "energy": 37.832854,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
        "close": 13.71,
        "volume": 119900,
        "typical_volume": 827895.0,
        "trend": 13.198333,
        "fair_value": 15.051731,
        "relative_strength": -6.644742,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 45.101829,
        "energy": 47.994357,
        "activity_lines": [
          13.843333,
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          13.261095,
          13.336301
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      },
      {
        "date": "2026-07-03",
        "close": 13.87,
        "volume": 50500,
        "typical_volume": 778770.0,
        "trend": 13.257333,
        "fair_value": 14.993526,
        "relative_strength": -5.642715,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 47.176263,
        "energy": 46.603052,
        "activity_lines": [
          13.842,
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      },
      {
        "date": "2026-07-10",
        "close": 13.58,
        "volume": 482400,
        "typical_volume": 769715.0,
        "trend": 13.337333,
        "fair_value": 14.936282,
        "relative_strength": -7.06871,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 42.156719,
        "energy": 28.675183,
        "activity_lines": [
          13.761333,
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          13.343,
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      },
      {
        "date": "2026-07-17",
        "close": 14.17,
        "volume": 1066900,
        "typical_volume": 756665.0,
        "trend": 13.442333,
        "fair_value": 14.885,
        "relative_strength": -2.373565,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "mixed",
        "direction": 31.989232,
        "energy": 22.108177,
        "activity_lines": [
          13.872,
          13.788182,
          13.430762,
          13.454172
        ]
      },
      {
        "date": "2026-07-24",
        "close": 13.88,
        "volume": 513400,
        "typical_volume": 728630.0,
        "trend": 13.530667,
        "fair_value": 14.840064,
        "relative_strength": -4.096965,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "mixed",
        "direction": 22.920466,
        "energy": 18.316454,
        "activity_lines": [
          13.884667,
          13.848182,
          13.488905,
          13.482409
        ]
      },
      {
        "date": "2026-07-31",
        "close": 15.01,
        "volume": 1146100,
        "typical_volume": 755345.0,
        "trend": 13.619,
        "fair_value": 14.809359,
        "relative_strength": 4.490922,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "mixed",
        "direction": 43.224513,
        "energy": 37.523301,
        "activity_lines": [
          14.274,
          14.078364,
          13.651,
          13.577849
        ]
      },
      {
        "date": "2026-08-07",
        "close": 15.77,
        "volume": 1240000,
        "typical_volume": 766520.0,
        "trend": 13.715,
        "fair_value": 14.78141,
        "relative_strength": 6.443895,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.638593,
        "energy": 73.827883,
        "activity_lines": [
          14.83,
          14.402364,
          13.878143,
          13.716624
        ]
      }
    ],
    "method": {
      "price_basis": "completed market observations",
      "trend": "Trend provides the primary directional reference.",
      "fair_value": "Fair Value provides long-term price context and is not a forecast or target.",
      "relative_strength": "Relative Strength shows leadership or lagging performance against the market benchmark.",
      "classification": "The SM framework combines Trend, Activity, Fair Value, Relative Strength and participation into a structural read."
    }
  }
}